Question 1

Which of the following is considered a core driver of the information age?

Accepted Answer

A) information 
B) business intelligence 
C) knowledge 
D) All of these are correct.

Question 2

Shawn is on the executive board for ABC pharmaceuticals.The company produces the number one selling cancer-fighting drug on the market.Due to its incredible success, ABC pharmaceuticals has decided to increase the cost of the drug from $8 a pill to $15 a pill.Which force is ABC pharmaceutical using to increase its drug price?

Accepted Answer

A) supplier power 
B) buyer power 
C) threat of false entrants 
D) business power

Question 3

The business decisions made by the operations management department include manufacturing data, distribution data, and production data.

Accepted Answer

A) True 
 B)False

Question 4

Top managers use social intelligence to define the future of the business, analyzing markets, industries, and economies to determine the strategic direction the company must follow to remain unprofitable.

Accepted Answer

A) True 
 B)False

Question 5

If a business could produce the same hamburger with less expensive inputs it would probably see a decrease in profits.

Accepted Answer

A) True 
 B)False

Question 6

People using the same information can make different decisions depending on how they interpret or analyze the information.

Accepted Answer

A) True 
 B)False

Question 7

If you were thinking about a washing machine as a system, which of the following represents the outputs?

Accepted Answer

A) the dirty clothes, water, and detergent 
B) the clean clothes 
C) the wash and rinse cycle 
D) the light indicating that the washer is off balance and has stopped

Question 8

What includes all parties involved, directly or indirectly, in obtaining raw materials or a product?

Accepted Answer

A) support chain 
B) supply chain 
C) system chain 
D) supply choice

Question 9

________ extracts information from data and uses it to predict future trends and identify behavioral patterns.

Accepted Answer

A) Internet of Things 
B) Predictive Analytics 
C) Machine to Machine 
D) Flat World

Question 10

Tiffany & Company competes in the marketplace by offering high-cost custom jewelry.Tiffany & Company is following a broad market and cost leadership strategy.

Accepted Answer

A) True 
 B)False

Question 11

John is the CEO of Tech World, a retail store that sells computers, monitors, cameras, televisions and many other electronic products.John and his executive team are meeting to brainstorm new ideas on how to grow the business.One idea is to mimic a competitor's product that is attempting to sell a new product in a different industry.After performing a Porter's Five Forces analysis, John determines that all of the forces are high in this new industry.What should John do?

Accepted Answer

A) explode into the market with an overflow of the product 
B) contemplate other products to introduce at the same time in this new market 
C) compare the competitor's prices and offer his product lower in this new market 
D) not introduce the product because all five forces are strong and this would be a highly risky business strategy

Question 12

Predictive analytics extracts information from data and uses it to predict future trends and identify behavioral patterns.

Accepted Answer

A) True 
 B)False

Question 13

How can a company reduce the threat of substitute products or services?

Accepted Answer

A) market the product to less than ten customers 
B) ignore competitive forces 
C) offer additional value through wider product distribution 
D) offer less value, making the product far more generic and similar to the competition

Question 14

What are material items or products that customers will buy to satisfy a want or need?

Accepted Answer

A) goods 
B) services 
C) production 
D) productivity

Question 15

According to Porter's three generic strategies, Walmart is following a business strategy that focuses on broad market and low cost.

Accepted Answer

A) True 
 B)False

Question 16

The actual hamburger is included in which category of making a hamburger?

Accepted Answer

A) input 
B) process 
C) output 
D) All of these are correct.

Question 17

Inbound logistics and operations are part of the support value activities.

Accepted Answer

A) True 
 B)False

Question 18

Identify the different departments in a company and why they must work together to achieve success.

Accepted Answer

The answer of Identify the different departments in a company...

Question 19

The value chain will group a company's activities into two categories: primary value activities and support value activities.

Accepted Answer

A) True 
 B)False

Question 20

The business decisions made by the finance department include promotion data, sales data, and advertising data.

Accepted Answer

A) True 
 B)False

Exam 1: Management Information Systems: Business Driven MIS

Which of the following is considered a core driver of the information age?

The business decisions made by the operations management department include manufacturing data, distribution data, and production data.

Top managers use social intelligence to define the future of the business, analyzing markets, industries, and economies to determine the strategic direction the company must follow to remain unprofitable.

If a business could produce the same hamburger with less expensive inputs it would probably see a decrease in profits.

People using the same information can make different decisions depending on how they interpret or analyze the information.

If you were thinking about a washing machine as a system, which of the following represents the outputs?

What includes all parties involved, directly or indirectly, in obtaining raw materials or a product?

________ extracts information from data and uses it to predict future trends and identify behavioral patterns.

Tiffany & Company competes in the marketplace by offering high-cost custom jewelry.Tiffany & Company is following a broad market and cost leadership strategy.

Predictive analytics extracts information from data and uses it to predict future trends and identify behavioral patterns.

How can a company reduce the threat of substitute products or services?

What are material items or products that customers will buy to satisfy a want or need?

According to Porter's three generic strategies, Walmart is following a business strategy that focuses on broad market and low cost.

The actual hamburger is included in which category of making a hamburger?

Inbound logistics and operations are part of the support value activities.

Identify the different departments in a company and why they must work together to achieve success.

The value chain will group a company's activities into two categories: primary value activities and support value activities.

The business decisions made by the finance department include promotion data, sales data, and advertising data.